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TikTok says K-culture economic impact to reach 40.64 trillion won by 2030 as beauty, food and tourism spending spreads

The global spread of K-culture is translating into real spending in industries such as beauty, food and tourism, with the economic ripple effect estimated at about 40.64 trillion won by 2030, an analysis showed. TikTok and consulting firm Kearney released a joint report based on a survey of 3,300 consumers aged 16 to 49 in 10 countries and an economic impact analysis across six K-culture sectors.

Crypto

Shiba Inu breaks 11-month downtrend, climbs above 200-day moving average

Shiba Inu has moved above its 200-day moving average, ending an 11-month downtrend that began in September last year. It has stabilised in a $3.22 billion to $3.26 billion market-cap band that is shifting from resistance to support. Japan’s Financial Services Agency licensed Nomura-backed Laser Digital and included Shiba Inu among approved institutional assets. A $3.1 billion short squeeze and strong August performance also supported gains.

Crypto

Japan FSA seeks record budget boost to step up crypto, AI oversight

Japan\'s Financial Services Agency is pushing to set its fiscal 2027 budget at about 40 billion yen, the largest on record, with a focus on strengthening supervision of crypto operators and sharply expanding AI-based market surveillance and cyber security response capabilities. The plan also includes preparation for quantum computing risks by supporting a shift to post-quantum cryptography. The budget request is not final and will be decided after review by the Ministry of Finance.